The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
AGIIL · price
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AGI Infra Ltd has informed the exchanges that Smt. Harbans Kaur, mother of promoter group members Bikramjit Singh and Ranjit Singh, will acquire 2,15,60,000 equity shares (17.65% of voting rights) from her sons as a gift for nil consideration. Bikramjit Singh is transferring 34,30,000 shares (2.81%) and Ranjit Singh is transferring 1,81,30,000 shares (14.84%), with the transaction expected on or after February 26, 2026. The 60-day VWAP of the stock is Rs. 271.12, but no price is being paid since this is an inter-se transfer between immediate relatives. Total promoter group holding remains unchanged at 72.94% before and after the transfer, and the transaction is exempt from an open offer requirement under sub-clause (i) of Regulation 10(1)(a).
This is a reshuffling of shares within the promoter family and does not change the overall promoter stake, so it is largely neutral for public shareholders. The mother's shareholding jumps from zero to 17.65%, which consolidates voting power within the family but does not affect company fundamentals.